{"id":10438,"date":"2021-12-08T15:11:57","date_gmt":"2021-12-08T15:11:57","guid":{"rendered":"https:\/\/www.intelligentcio.com\/apac\/?p=10438"},"modified":"2021-12-16T08:13:05","modified_gmt":"2021-12-16T08:13:05","slug":"encompaas-to-automate-electronic-document-compliance-for-bendigo-and-adelaide-bank","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/apac\/2021\/12\/08\/encompaas-to-automate-electronic-document-compliance-for-bendigo-and-adelaide-bank\/","title":{"rendered":"EncompaaS to automate electronic document compliance for Bendigo and Adelaide Bank"},"content":{"rendered":"\n<p><strong><em>EncompaaS cloud platform is strengthening governance, compliance and security, and improving productivity and<\/em><\/strong> <strong><em>agility within the Microsoft cloud-based environment.<\/em><\/strong><\/p>\n\n\n\n<p>Australian enterprise compliance SaaS provider, EncompaaS, has announced that Bendigo and Adelaide Bank has chosen the EncompaaS cloud platform to automate its regulatory and business governance obligations for electronic documents.<\/p>\n\n\n\n<p>The new EncompaaS platform will allow the bank to automatically manage its obligations in relation to electronic documents within its Microsoft cloud-based environment, which will in turn, strengthen the bank\u2019s governance, compliance and security, and further improve productivity and business agility.&nbsp;<\/p>\n\n\n\n<p>By consolidating and centralizing its electronic records in the new M365 environment, Bendigo and Adelaide Bank expects to strengthen existing controls which will ensure customer information is stored securely, used only for the specific purposes intended and retained only for as long as required.<\/p>\n\n\n\n<p>Leveraging Artificial Intelligence (AI), Machine Learning (ML) and automation, EncompaaS will allow the bank to more efficiently discover, analyze, enrich and manage its electronic documentation at scale and according to its governance policies. EncompaaS will also support fraud management by preventing the unintended deletion of records and providing detailed audit trails.<\/p>\n\n\n\n<p>Auto classification will be a key focus of the EncompaaS implementation, with AI and ML used to identify and classify documents as they are created. This will remove the need for Bendigo and Adelaide Bank team members to manually classify documents, which will make the process faster, more accurate and improve overall compliance.<\/p>\n\n\n\n<p>EncompaaS\u2019s metadata enhancement capabilities will also round out the migration of records into the Microsoft 365 environment by recognizing and extracting key customer identifiers and other metadata from the original documents \u2013 something not previously possible with standard migration tools.<\/p>\n\n\n\n<p>\u201cAt Bendigo and Adelaide Bank, innovation is at the core of everything we do, so as to ensure we remain relevant in the eyes of our customers,\u201d said Andrew Cresp, Chief Information Officer, Bendigo and Adelaide Bank.&nbsp;<\/p>\n\n\n\n<p>\u201cOur technology and transformation strategy is centered around reducing complexity, building digital capability and delivering new services for our banking customers. This strategy is helping us simplify and optimize our business by allowing us to use automation and digitization to drive value from our technology investments.<\/p>\n\n\n\n<p>\u201cThe EncompaaS compliance platform is a tool which will greatly increase Bendigo and Adelaide Bank\u2019s ability to understand, manage and analyze its customer data, which in turn, will allow the bank to further streamline and tailor its service offerings to better meet our customers\u2019 specific needs,\u201d added Cresp.<\/p>\n\n\n\n<p>Jesse Todd, EncompaaS CEO, said: \u201cBendigo and Adelaide Bank \u2013 and other leading organizations that have recently joined the EncompaaS community \u2013 demonstrate the innovative and forward thinking required to get ahead of the information governance curve in a digital world.<\/p>\n\n\n\n<p>\u201cMost organizations we talk to are struggling to keep up with today\u2019s complex data and regulatory requirements, let alone leverage the value of their content to make better decisions and deliver better services to customers.<\/p>\n\n\n\n<p>\u201cOur goal is to help organizations discover, understand and enrich their content so they can inform decisions and strategy in real time, and meet their broader obligations more easily, not just records management.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EncompaaS cloud platform is strengthening governance, compliance and security, and improving productivity and agility within the Microsoft cloud-based environment. Australian enterprise compliance SaaS provider, EncompaaS, has announced that Bendigo and Adelaide Bank has chosen the EncompaaS cloud platform to automate its regulatory and business governance obligations for electronic documents. The new EncompaaS platform will allow [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":10439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,10,12,55,53,54],"tags":[1108,2810,2806,2808,2809,2807,190],"class_list":["post-10438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-verticals-banking-finance","category-analysis-case-studies","category-cloud","category-oceania","category-regional-news-newsletter","category-used","tag-ai","tag-andrew-cresp","tag-bendigo-and-adelaide-bank","tag-compliance","tag-electronic-document","tag-encompaas","tag-machine-learning"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/10438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=10438"}],"version-history":[{"count":9,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/10438\/revisions"}],"predecessor-version":[{"id":10575,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/10438\/revisions\/10575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/10439"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=10438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=10438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=10438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}